In 1980, the price of a gallon of gasoline was $1.25. The Consumer Price Index was 82.4 in 1980 compared to 215.3 in 2008 (1983 - 1984 = 100) . Measured in 2008 dollars, the price of gasoline in 1980 was
A) $0.56.
B) $1.25.
C) $2.37.
D) $3.27.
Correct Answer:
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